Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Short Interest Update

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 117,222 shares, an increase of 106.2% from the June 15th total of 56,856 shares. Based on an average daily volume of 215,967 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Fidelity MSCI Communication Services Index ETF Trading Up 1.9%

Shares of NYSEARCA:FCOM traded up $1.36 during mid-day trading on Wednesday, reaching $73.45. The stock had a trading volume of 157,409 shares, compared to its average volume of 157,202. The firm has a 50 day simple moving average of $72.04 and a two-hundred day simple moving average of $72.15. Fidelity MSCI Communication Services Index ETF has a twelve month low of $63.90 and a twelve month high of $75.94. The firm has a market cap of $1.87 billion, a PE ratio of 19.08 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FCOM. NewEdge Advisors LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 128.0% during the first quarter. NewEdge Advisors LLC now owns 9,354 shares of the company’s stock worth $526,000 after purchasing an additional 5,251 shares during the period. JPMorgan Chase & Co. raised its position in Fidelity MSCI Communication Services Index ETF by 155.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock valued at $1,342,000 after buying an additional 12,617 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of Fidelity MSCI Communication Services Index ETF by 1,423.2% during the second quarter. Qube Research & Technologies Ltd now owns 4,920 shares of the company’s stock valued at $319,000 after acquiring an additional 4,597 shares during the last quarter. Quantinno Capital Management LP raised its position in Fidelity MSCI Communication Services Index ETF by 25.9% in the second quarter. Quantinno Capital Management LP now owns 4,783 shares of the company’s stock worth $310,000 after acquiring an additional 983 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF by 0.6% in the 2nd quarter. Raymond James Financial Inc. now owns 49,361 shares of the company’s stock worth $3,199,000 after acquiring an additional 278 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Company Profile

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.